Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street analysts tend to run in packs, with most stocks finding an informal consensus
Month: November 2019
An oil tanker is anchored near the Port of Long Beach, California, U.S. Tim Rue | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Walmart, Target, TJX Companies – Shares of the retailers climbed as much as 1% each on Black Friday as U.S. shoppers hunted for deals, with online
For investors seeking out the ultimate high-risk, high-reward stocks, look no further than the biotech industry. Unlike companies that build up their businesses over time at a steadier pace, biotechs rely on just a few studies or trials of their therapies. As a result, favorable outcomes can catapult share prices upwards. An upset, however, can
As it pierces through its previous high-water mark set in April, Lowe’s Companies (NYSE:LOW) stock seems to be demonstrating the resilience of some (though certainly not all) brick-and-mortar retailers in the face of the disruptive Amazon (NASDAQ:AMZN) threat. Source: Helen89 / Shutterstock.com With this encouraging price action comes a caveat, though, as recent store closings
Optimism on the trade front and the renewal of the “Merger Monday” theme sent stocks rallying to record highs on Monday. But no members of the Dow Jones Industrial Average were involved in the leap today. Source: Provided by Finviz The S&P 500 soared 0.75% The Dow Jones Industrial Average advanced 0.68% The Nasdaq Composite added 1.32%
Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that be saying something about the
Boys run past burning tires set up by Iraqi protesters during ongoing anti-government protests in Najaf, Iraq, November 26. Alaa al-Marjani | Reuters The resignation of Iraq’s prime minister helped trigger a drop in oil prices, but analysts say that may not be the right response by investors, as Iraq’s future may have just become
I read an article recently about Slack (NYSE:WORK) losing 11% of its market value on Nov. 19 due to news Microsoft (NASDAQ:MSFT) Teams was taking a commanding lead in the enterprise messaging solutions market. Source: The Art of Pics / Shutterstock.com Although the MSFT stock price barely moved on the news, it was a gentle
U.S. equities are pushing to new record highs this week thanks to more indications that a Phase One trade deal between the United States and China is forthcoming. A number of big M&A deals have bolstered sentiment as well, including a $26 billion deal by Charles Schwab (NYSE:SCHW) to buy TD Ameritrade (NASDAQ:AMTD) and a
U.S. stock futures are edging higher after Monday’s robust run. Small-cap stocks awoke in a big way, blasting through a year-long resistance zone. The Russell 2000 has finally departed its trading range and is poised to participate in a year-end run. Its emergence is yet another development favoring a bullish bias. Source: Shutterstock Heading into
While the equity market bulls continue to enjoy a rout of new highs, those in the metals complex are likely feeling left out. Gold (GLD) has sunk 7% from its August highs near $1,560/oz, and silver (SLV) has fared much worse, with a 15% drawdown from those highs. This has likely been a grueling experience
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some
Check out the companies making headlines before the bell: Tech Data (TECD) – The technology distributor agreed to be bought by private-equity firm Apollo Global (APO) in a sweetened offer worth $5.14 billion excluding debt, or $145 per share. Tech Data had struck a deal to be bought by Apollo earlier this month for $130
Despite all of its growth, PayPal (NASDAQ:PYPL) has a slight problem. It used to have the digital wallet and online payment market all to itself. But these days, PYPL is facing some pretty big competition from a variety of start-ups and even traditional banks. Getting its mojo back and fighting off that competition are its
The bull market in stocks has now transpired for more than ten years. Although stocks to sell exist in almost any market environment, such a run will naturally leave some overvalued equities. This had led to investors turning on some once-beloved companies. Also, in recent years, the market has seen many IPOs launch. While some
The trading sessions are starting to get quiet as we near Thanksgiving. Let’s look at a few top stock trades going into the last full trading session of the week. Top Stock Trades for Tomorrow No. 1: Disney (DIS) Disney (NYSE:DIS) stock has looked great ever since reporting earnings earlier this month. After hitting $150
(Photo by Alexander RyuminTASS via Getty Images) The trend is your friend is an investment adage that is usually associated with short term traders, employing technical analysis or other momentum strategies. It can also apply to thematic investors seeking to identify mega-trends that will last decades. These are trends so clearly in place, it is
The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering
John Deere combine harvesters sit on display during the Farm Progress Show in Boone, Iowa, U.S., on Tuesday, Aug. 28, 2018. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Deere — Deere‘s stock dropped 4.5% as the worst performer among the S&P 500 companies after the manufacturing
Qualcomm (NASDAQ:QCOM) shares have spent the last six months grinding back to the high they achieved in April, after the company settled its patent suit with Apple (NASDAQ:AAPL) on favorable terms. Source: Michael Vi / Shutterstock.com Shares opened Nov. 27 at $85.16. That’s a market capitalization of nearly $97 billion, on expected sales of about
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